As we noted last week, we believe that as 2021 progresses, we will have a drumbeat of increasing analyst expectations for GDP growth and economic activity. The past year’s pandemic-driven economic gyrations have been so severe that economists and macro strategists — who as a group are not the most Read more…
A trend has emerged: the research departments of the big brokerage houses are gradually increasing their estimates for U.S. GDP growth in 2021. Last week, Bank of America raised its full-year target from 6.5% to 7%. Although Goldman Sachs has kept its full-year target at 7.5%, this week it pulled Read more…
In the blink of an eye last spring, half the American workforce found themselves doing their jobs remotely. In spite of the rollout of vaccines and the rollback of pandemic behavioral restrictions in many places, that shift is still largely intact. In the long term, perhaps a quarter of the Read more…
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